Can I retire at age 59 with 770,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$63,586$63,019$62,467$61,928$61,401$60,533
2 years$31,478$30,892$30,324$29,773$29,239$28,366
3 years$20,777$20,188$19,621$19,076$18,550$17,700
4 years$15,427$14,840$14,279$13,743$13,230$12,409
5 years$12,219$11,635$11,081$10,556$10,057$9,267
6 years$10,080$9,501$8,955$8,442$7,958$7,200
7 years$8,553$7,979$7,442$6,940$6,472$5,747
8 years$7,408$6,839$6,311$5,822$5,369$4,676
9 years$6,519$5,955$5,436$4,959$4,522$3,861
10 years$5,807$5,249$4,739$4,275$3,853$3,223
11 years$5,225$4,673$4,172$3,720$3,313$2,715
12 years$4,741$4,194$3,703$3,263$2,871$2,303
13 years$4,331$3,790$3,308$2,881$2,504$1,965
14 years$3,981$3,445$2,972$2,557$2,195$1,684
15 years$3,677$3,147$2,684$2,281$1,933$1,450
16 years$3,411$2,888$2,433$2,042$1,708$1,252
17 years$3,177$2,659$2,214$1,835$1,514$1,084
18 years$2,970$2,457$2,021$1,654$1,347$941
19 years$2,784$2,277$1,850$1,494$1,200$819
20 years$2,617$2,116$1,698$1,353$1,072$714
21 years$2,466$1,971$1,562$1,228$959$623
22 years$2,329$1,840$1,440$1,117$860$544
23 years$2,204$1,721$1,329$1,017$772$476
24 years$2,090$1,612$1,229$928$694$417
25 years$1,985$1,513$1,139$847$624$366
26 years$1,888$1,422$1,056$775$562$321
27 years$1,799$1,338$981$709$507$281
28 years$1,716$1,261$912$650$457$247
29 years$1,639$1,190$848$596$413$217
30 years$1,567$1,124$790$547$373$191
31 years$1,500$1,062$737$502$337$168
32 years$1,438$1,005$687$461$305$148
33 years$1,379$952$642$424$276$130
34 years$1,324$902$600$390$250$114
35 years$1,272$856$561$359$227$101
36 years$1,223$812$524$331$205$89
37 years$1,177$771$491$305$186$78
38 years$1,133$733$460$281$169$69
39 years$1,092$697$431$259$153$61
40 years$1,053$663$404$239$139$53
41 years$1,016$631$378$221$126$47
42 years$980$601$355$204$114$41
43 years$947$573$333$188$104$37
44 years$915$546$313$173$94$32
45 years$884$521$294$160$85$28
46 years$855$497$276$148$78$25
47 years$828$474$259$137$70$22
48 years$801$453$243$126$64$19
49 years$776$432$229$117$58$17
50 years$752$413$215$108$53$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $770,000, adding $2,221 every year, while hoping to spend $40,825 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 72/11/17 Blend
58$770,000$770,000$770,000$770,000
59$850,831$810,021$798,086$908,578
60$894,178$806,275$781,384$943,470
61$940,579$800,976$762,755$976,517
62$990,301$794,007$742,090$1,011,653
63$1,043,638$785,240$719,277$1,049,076
64$1,100,915$774,542$694,198$1,089,008
65$1,162,484$761,771$666,730$1,131,691
66$1,228,736$746,777$636,744$1,177,394
67$1,300,098$729,399$604,105$1,226,415
68$1,377,038$709,470$568,673$1,279,081
69$1,460,073$686,811$530,301$1,335,756
70$1,549,768$661,232$488,834$1,396,840
71$1,646,746$632,535$444,112$1,462,775
72$1,751,692$600,506$395,967$1,534,051
73$1,865,357$564,924$344,224$1,611,208
74$1,988,568$525,549$288,700$1,694,843
75$2,122,234$482,134$229,204$1,785,615
76$2,267,355$434,412$165,536$1,884,252
77$2,425,032$382,104$97,488$1,991,557
78$2,596,473$324,915$24,841$2,108,418
79$2,783,010$262,533$0$2,235,817
80$2,986,107$194,627$0$2,384,391
81$3,207,376$120,850$0$2,551,209
82$3,448,590$40,833$0$2,733,126
83$3,711,700$0$0$2,931,643
84$3,998,856$0$0$3,153,965
85$4,312,421$0$0$3,402,165
86$4,654,999$0$0$3,673,366
87$5,029,455$0$0$3,969,841
88$5,438,944$0$0$4,294,094
89$5,886,941$0$0$4,648,879
90$6,377,270$0$0$5,037,230
91$6,914,143$0$0$5,462,490
92$7,502,198$0$0$5,928,338
93$8,146,544$0$0$6,438,825
94$8,852,805$0$0$6,998,414
95$9,627,177$0$0$7,612,021
96$10,476,484$0$0$8,285,058
97$11,408,241$0$0$9,023,488
98$12,430,727$0$0$9,833,879
99$13,553,060$0$0$10,723,464
100$14,785,284$0$0$11,700,213